News – Page 44

Bitcoin Miner Hut 8 Appoints New CEO Weeks Following Short-Selling Report

Hut 8 announced a leadership transition roughly three weeks after an activist short-selling firm published a report containing allegations against the miner. Former CEO Jaime Leverton will be immediately succeeded by Asher Genoot. Genoot co-founded Bitcoin miner U.S. Bitcoin Corp (USBTC) and served as the firm’s president before with Hut 8 last year. The Hut 8 Board of Directors said the completion of the merger deal signaled the need to set a new direction.

Source: Mandy Williams, 2024-02-09; https://cryptopotato.com/bitcoin-miner-hut-8-appoints-new-ceo-weeks-following-short-selling-report/

‘Bitboy’ Ben Armstrong Bids Farewell to Daily Show Amid Financial and Legal Battles

Ben Armstrong, widely known as ‘Bitboy,’ has announced the discontinuation of his daily crypto show. The decision comes amid financial challenges and legal battles that have been plaguing the influential crypto personality. The production costs for the show were reported to be $25,000 a week, contributing to the financial strain on Armstrong’s endeavors. “We’re barely making it out here, guys. We’ve got lawyers coming at me from every angle,” Armstrong expressed in the video.

Source: Wayne Jones, 2024-02-02; https://cryptopotato.com/bitboy-ben-armstrong-bids-farewell-to-daily-show-amid-financial-and-legal-battles/

VC Investment in Web3 and Artificial Intelligence (AI) Surpasses $637M in 2023: TenSquared Report

A significant challenge for AI lies in its potential to compromise privacy. A new report suggests that blockchain can catalyze boosting trust and privacy in AI. Despite the decline in venture capital (VC) funding this year, the fusion of Web3 and emerged as a top choice for investors in blockchain startups, capturing more than 11% of the total VC funding in the blockchain sector. According to a report by Stan Miroshnik at TenSquared (10SQ) shared with , VC investment in Web3. and AI startups surpassed $637 million in 2023.

Source: Chayanika Deka, 2024-02-02; https://cryptopotato.com/vc-investment-in-web3-and-artificial-intelligence-ai-surpasses-637m-in-2023-tensquared-report/

OpenSea Launches Pro Version on Polygon with Cross-chain Support

OpenSea has announced its integration with the Polygon network. This integration empowers OpenSea Pro users to seamlessly navigate both Ethereum and Polygon blockchains. This is a significant step towards simplifying the multi-chain experience for NFT enthusiasts. OpenSea’s collaboration with Socket, a cross-chain interoperability protocol, is pivotal in enhancing the NFT experience. The leading NFT aggregator is now available on Polygon, simplifying cross- chain navigation. One of the standout features of this integration is the ability to bridge tokens across chains and swap them effortlessly within a streamlined process.

Source: Wayne Jones, 2023-11-04; https://cryptopotato.com/opensea-launches-pro-version-on-polygon-with-cross-chain-support/

Trezor Users Beware: Third-Party Email Provider Compromised in Malicious Attack

malicious emails sent to Trezor users in the last 12 hours. The deceptive emails prompt recipients to upgrade their “network’ or risk losing their funds. The message includes a harmful link redirecting users to a webpage requesting their seed phrase. The company has deactivated the malicious link and contained the potential threat. It advised affected users to swiftly transfer their funds to a new wallet for added security.. If you have not disclosed your 12 or 24-word recovery seed through any online form, your assets remain secure. IfYou have entered your recovery seed in any form, p

Source: Chayanika Deka, 2024-01-26; https://cryptopotato.com/trezor-users-beware-third-party-email-provider-compromised-in-malicious-attack/

80% of Comments on Major Project Tweets Revealed as Phishing Scams: SlowMist

The SlowMist Security team revealed receiving numerous reports of theft. Upon investigation, they found that a significant portion of these thefts were facilitated by deceptive comments under tweets from well-known projects. Dedicated websites specializing in the sale of Twitter accounts were discovered, featuring such from different years and offering options for purchasing accounts with usernames closely resembling legitimate ones. Most of the accounts sold in these groups were related to the crypto industry or belonged to influencers. These websites commonly accept cryptocurrency payments. Upon acquiring existing accounts,

Source: Chayanika Deka, 2024-02-05; https://cryptopotato.com/80-of-comments-on-major-project-tweets-revealed-as-phishing-scams-slowmist/

Larry David Expresses Regret Over FTX Ad Amid Founder’s Fraud Conviction

Larry David has expressed remorse over participating in a high-profile 2022 Super Bowl commercial for the now-fallen cryptocurrency exchange FTX. David recounted seeking advice from knowledgeable friends before agreeing to the advertisement. The commercial was directed by Jeff Schaffer, a longtime colleague of David’s known for producing episodes of Seinfeld and Curb Your Enthusiasm. The FTX founder, Sam Bankman Fried, was imprisoned after he was found guilty of fraud, conspiracy, and money laundering last year.

Source: Wayne Jones, 2024-02-02; https://cryptopotato.com/larry-david-expresses-regret-over-ftx-ad-amid-founders-fraud-conviction/

European Brokers Cut Fees on Spot Bitcoin ETFs to Outpace US Providers: FT

European brokers are slashing spot Bitcoin ETF fees after Invesco and WisdomTree reduced theirs by over 60% on European BTC products. The comes as the U.S. Securities and Exchange Commission (SEC) recently approved spot BitcoinETFs from major players like BlackRock, Fidelity, and In Vesco. The competition in the U.,S. market has prompted a wave of fee , with “multiple” providers lowering fees as the market works to find a new equilibrium between supply and demand.

Source: Wayne Jones, 2024-01-24; https://cryptopotato.com/european-brokers-cut-fees-on-spot-bitcoin-etfs-to-outpace-us-providers-ft/

What is Farcaster? Everything You Need to Know

Farcaster is a protocol for developing decentralized social network applications built on Optimism. In essence, the Farcaster protocol is completely open-source, allowing everyone to build applications. The goal is to ensure an environment where there’s no censorship, and users have full control of their applications. We also look at how to register at – the decentralized version of X – and how to use it to send money to friends and family around the world. We have a dedicated guide on the topic that you can find here.

Source: George Georgiev, 2024-02-07; https://cryptopotato.com/farcaster-guide/

European Prosecutor Seeks Arrest in BaltCap Fund Misappropriation

The European Public Prosecutor’s Office (EPPO)on Friday for the arrest of Šarūnas Stepukonis in Lithuania. He is suspected of misappropriating 27 million euros (US$29 million) from BeltCap, the leading Baltic private equity firm where he held a partnership. The EPPO is in charge of investigations involving European Union funds. The BaltCap Infrastructure Fund, an 80 million euro ($85.94 million) investment fund focusing on infrastructure projects in the Baltic countries.

Source: Written by Zdravko Ljubas, 2024-02-07; https://www.occrp.org/en/daily//en/daily/18444-european-prosecutor-seeks-arrest-in-baltcap-fund-misappropriation

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